FXTM
Cyprus
Established: 2011
General overview
ForexTime, frequently referred to as FXTM, functions as an internationally recognized brokerage firm on the web. It was founded with the ambition of furnishing traders worldwide with exceptional trading conditions, sophisticated technological solutions, and thorough educational programs. As time has passed, FXTM has developed into a notable name within the trading arena, delivering a variety of offerings that accommodate participants with varying degrees of expertise—ranging from newcomers to veteran traders. This broker specializes in Forex as well as CFDs (Contracts for Difference) and has broadened its selection of available financial instruments to include equities, indices, commodities, precious metals, and cryptocurrencies, among additional assets.
A major attribute that distinguishes FXTM from numerous competitors is its dedication to innovation. The firm regularly revises its trading tools and platforms to align with contemporary market demands, giving customers the chance to capitalize on cutting-edge resources. Traders at FXTM are granted access to an assortment of account types, each tailored to varied financial ambitions, trading preferences, and degrees of experience. Whether an individual is refining strategies on a cent account or conducting extensive trades on an ECN or pro account, FXTM aspires to cultivate a transparent and dependable trading environment.
Moreover, FXTM emphasizes customer support by offering multilingual communication channels that guarantee questions are answered and problems are solved promptly. Along with these initiatives, FXTM places substantial importance on educational materials for traders, providing textual guides, instructional videos, internet-based seminars, and in-person lectures to assist traders in building a firm grounding in financial markets and trading methods.
If you happen to be new to FXTM and wish to experiment with the platform under zero-risk conditions, explore the option of getting started with a demo account. For traders who are prepared to transition into live trading, there are detailed steps on opening an account, outlining the registration procedure, verification requirements, and other essential compliance steps.
Here is a concise table encapsulating several primary attributes of FXTM as a broker:
On account of these varied provisions, FXTM has secured its reputation as a reliable broker in the international financial domain, steadily expanding its client base and broadening its spectrum of services to satisfy a diverse set of trading needs.
Pros
- High leverage options (up to 1:2000)
- Multiple regulatory licenses
- Competitive pricing on commission-based accounts
- Variety of payment methods and local banking solutions
- Advanced MetaTrader upgrades and proprietary FXTM Trader app
Cons
- Spreads are higher on commission-free accounts
- Inactivity fee after six months
- Withdrawal fees for some methods
Regulations: CySEC (Cyprus), FCA (UK), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)
Apart from upholding numerous regulatory criteria, FXTM also delivers negative balance protection to most users, ensuring that client losses cannot surpass the actual funds within their trading accounts. Such a safeguard proves particularly important in periods of intense market turbulence, preventing traders from incurring obligations beyond their deposited capital. The company’s commitment to clarity is further illustrated by routine communication with customers in the form of risk disclaimers and adjustments to trading guidelines, thereby aiding traders in making educated decisions about positions. By merging proactive engagement with multiple tiers of security, FXTM nurtures a high degree of confidence in its brand and consistently positions client interests at the center of its operations.
Is FXTM Regulated?
FXTM operates under a range of regulatory licenses in diverse locales, demonstrating its pledge to function strictly within established regulatory frameworks. The firm is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 185/12, granting it permission to render investment services within the European Economic Area (EEA). Within the United Kingdom, FXTM is overseen by the Financial Conduct Authority (FCA), which upholds stringent guidelines for integrity, openness, and safeguarding of client assets. Additionally, FXTM is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Commission (FSC) in Mauritius, bolstering the broker’s intent to stick to best practices and uphold client faith.
Is FXTM safe?
Safety stands as a primary worry for every trader, and FXTM has instituted multiple layers of measures to foster a secure environment. By maintaining strict segregation of client capital from operating funds, FXTM provides assurance that, even in the event of financial adversity, deposited assets stay protected. The broker also fulfills thorough compliance steps mandated by regulatory entities, which include consistent financial evaluations and audits. Beyond that, FXTM leverages strong encryption methods and safe transaction protocols to secure personal and monetary information. Collectively, these measures make FXTM a solid choice for individuals seeking a broker known for reliability and security.
MetaTrader 4 (MT4) | MetaTrader 5 (MT5) | FXTM Trader (Proprietary mobile app)
Visit PlatformsA key highlight of each FXTM platform lies in its unified delivery of real-time analytics and market intelligence, assisting traders in time-sensitive decision-making. The platforms are designed to endorse a variety of tactics, whether scalping, swing trading, or automated approaches. For those using auto-trading tools, both MT4 and MT5 seamlessly incorporate Expert Advisors (EAs), which can be backtested to validate performance. Besides, FXTM regularly updates mobile and web-based software to provide modern features, routine security upgrades, and robust graphical interpretations, thereby improving user experience across devices.
MetaTrader 4
MetaTrader 4 (MT4) has consistently emerged as one of the leading forex platforms, lauded for its user-oriented design, extensive suite of analytical tools, and EA compatibility for algorithmic trading. FXTM’s implementation of MT4 bestows access to multi-timeframe charting capabilities, a variety of technical studies, and broad customization to suit unique user habits.
MetaTrader 5
MetaTrader 5 (MT5), which is MT4’s successor, includes supplementary chart periods, additional indicators, and attributes such as an incorporated economic calendar. MT5 also accommodates a wider range of asset classes, making it well-suited for clients who want to handle stocks, forex, and other derivatives through one platform. Users of FXTM’s MT5 configuration also benefit from high-speed processing and partial order fulfillment rules.
FXTM WebTrader
For traders who seek a browser-based alternative, FXTM WebTrader delivers access to accounts without the hassle of downloading or installing extra software. This web platform works seamlessly on various devices, preserving advanced charting features, instantaneous quotes, and order control functionalities despite its in-browser nature.
Mobile Trading App
Today’s traders frequently demand around-the-clock market connectivity. FXTM satisfies this need by offering mobile applications for both Android and iOS, providing immediate price alerts, graph analysis, and trade execution from any internet-enabled location. This mobility ensures that participants do not miss potential trading scenarios caused by abrupt market volatility.
Instruments: 60 Forex pairs, 8 Commodities, 21 Index CFDs, 802 Equity CFDs, 639 US-listed stocks
By supplying a vast assortment of financial products, FXTM appeals to traders aiming to craft varied portfolios and leverage interconnections throughout multiple segments of the financial market. For example, a currency trader might hedge a prospective commodity price risk by opening positions in oil or gold, while an equity-based CFD trader could mitigate broader market shifts by also transacting in index CFDs. This level of adaptability accommodates investors with short-term or long-term perspectives alike. Additionally, FXTM delivers educational content that delves into the distinctive characteristics and market trends linked to each asset type, enabling traders to bolster their market awareness.
Forex Currency Pairs
FXTM features a substantial lineup of more than 50 currency pairs, ranging across major, minor, and exotic designations. Such breadth enables traders to expand their Forex portfolios and examine opportunities within less-active currency pairings. Popular instruments include EUR/USD, GBP/USD, and USD/JPY, along with cross-currency varieties such as EUR/GBP and AUD/NZD.
Spot Metals
Gold and silver consistently rank as prime picks for those in search of safe-haven vehicles or portfolio diversification. Through FXTM, these metals can be traded in CFD format, presenting adjustable leverage and the possibility of taking both long and short market stances, contingent on market signals.
Equity and Commodity CFDs
Traders fascinated by multiple arenas, including equities and major global commodities, will find a broad scope of Contract for Difference offerings at FXTM. This allows them to place trades on the price changes of recognized corporations—technology enterprises and worldwide retail names among them—without actually securing ownership of the shares. Meanwhile, commodity CFDs deliver exposure to movements in oil, agricultural goods, and other integral raw materials.
Cryptocurrencies
Recognizing the mounting interest in digital assets, FXTM accommodates trading in pivotal cryptocurrencies, such as Ethereum, Bitcoin, and Litecoin, all through a CFD model. This arrangement grants speculators the capacity to harness the rapid variations inherent in crypto prices, all while avoiding the logistical hurdles of maintaining a specialized crypto wallet. A regulated setting further enhances a sense of safety for participants involved in this volatile market.
Indices
Indices serve as a comprehensive metric for evaluating the performance of a cluster of shares, representing either a specific sector or an entire market. FXTM includes numerous indices originating from central stock exchanges globally, encompassing the S&P 500, NASDAQ 100, DAX 30, and FTSE 100. Engaging in index CFD trading grants participants the ability to speculate on shifts in general market direction, rather than on single stock performance.
Selecting the most suitable account type at FXTM depends on factors such as the trader’s expertise, capital level, and overall trading methodology. Beginners advancing from a demo account can test the Cent Account, while moderate-skill users seeking balanced spreads and no commissions may prefer the Standard Account. Meanwhile, pros who rely on refined liquidity and minimal spreads might find ECN or Pro accounts best fitting. FXTM provides targeted assistance and informational content to assist prospective clients in aligning the account specifications with their trading ambitions and tolerance for risk.
Standard Account
The Standard Account is aimed at participants requiring a straightforward trading infrastructure, offering appealing spreads alongside zero commission for Forex and certain CFDs. The minimum deposit sum is widely viewed as approachable, letting a variety of traders begin. Standard users experience prompt execution of trades and a platform layout that is easy to navigate.
Cent Account
Beginners or more careful traders may be attracted to the Cent Account, which displays balances in cents, thereby allowing strategies to be tested with negligible outlay. Although this account often features wider spreads compared to more advanced tiers, it affords a gentle path toward real-market exposure without the pressure of substantial capital.
ECN Account
The ECN Account is oriented towards adept market participants, offering some of the most competitive spreads attainable, beginning at roughly 0.1 pips for fundamental forex pairs, though a small commission is charged per transaction. This pricing setup delights scalpers and high-frequency traders who prioritize direct market access and precise fills, particularly in episodes of elevated market volatility.
FXTM Pro Account
Crafted for professional users or organizations overseeing high-volume trading, the FXTM Pro Account grants unprocessed spreads at 0.0 pips. Pro users enjoy top-tier liquidity, superlative execution velocity, and optimal conditions for trading large volumes. Despite imposing a higher deposit requirement than other account tiers, this setup stands out for those requiring maximum accuracy in fast-changing scenarios.
FXTM Leverage
FXTM’s leverage ratios can reach up to 1:2000, contingent on the account category and regional regulations. While heightened leverage increases profit potential on relatively modest capital, it also escalates associated risk. Traders should weigh these risks carefully, incorporating prudent risk management methods—like implementing stop-loss orders and controlling position sizing—especially under significant leverage conditions.
In numerous markets, FXTM’s adaptable approach to deposits and withdrawals is conceived to streamline compatibility with local banking networks, often reducing transfer fees and expediting transaction times. This localized stance may also entail region-specific digital payment platforms and collaborations with local financial intermediaries. Additionally, FXTM regularly surveys fresh payment technologies, adding new e-wallet systems and financial technology solutions to maintain a cutting-edge client experience. In this way, traders may have greater convenience, lower overhead costs, and more rapid account funding or profit withdrawals.
FXTM Deposit Options and Fees
FXTM extends several deposit avenues to cater to a worldwide user base, ranging from bank transfers to card deposits and electronic wallets like Skrill or Neteller. The minimum deposit threshold is subject to variation according to account type; for instance, a cent account may be activated with as little as 10 USD, while a higher-tier category might require a more considerable deposit.
FXTM itself seldom imposes extra fees for deposits; nonetheless, external transfer or currency conversion fees may be levied by a trader’s bank or payment facilitator. Reviewing pertinent details from FXTM’s official channels and verifying the specifics with the chosen payment provider are both critical for sidestepping unexpected charges.
FXTM Withdrawals Options and Fees
Withdrawals at FXTM tend to use the same payment paths offered for deposits, which include credit/debit cards, bank wiring, and an array of digital wallets. Actual completion intervals will vary based on the method, with e-wallet withdrawals frequently materializing in mere hours, whereas bank wires and card withdrawals can stretch out over several business days.
Withdrawals may be subject to nominal handling costs, particularly for bank wire transactions, which sometimes carry fixed charges imposed by the receiving institution. FXTM publishes clear guidelines regarding withdrawal fees and the speed of transaction completion for each route, thereby aiding traders in better scheduling their fund management requirements.
Visa
Mastercard
Skrill
Among the factors that many FXTM customers commend is the broker’s openness regarding fee structures. By making every spread, commission, and non-trading fees element readily accessible, FXTM equips traders with precise data to forecast possible expenses prior to carrying out their strategies. Those involved in scalping or high-frequency trading discover that even minimal variations in spreads or commission models can greatly influence overall profitability; consequently, the clarity supplied is especially appreciated. Furthermore, FXTM occasionally offers short-term promotions or lowered charges, reducing trading expenses for selected financial instruments or account types. Interested parties should monitor such opportunities to benefit from FXTM’s cost-effective pricing landscape.
FXTM Trading Fees
Trading fees at FXTM hinge upon the particular account type and the chosen instrument. Typically, spreads, commissions, or both may apply. On standard and cent accounts, FXTM largely depends on spreads to earn revenue, meaning that traders do not incur per-lot commissions. Meanwhile, ECN-style accounts frequently exhibit narrower spreads yet may include a modest per-trade fee. Such flexible pricing enables traders to opt for a structure that aligns with their methods, be it favoring low spreads, minimal initial deposits, or clearly outlined cost frameworks.
FXTM’s overarching stance on trading fees centers on maintaining a blend of competitiveness and transparency. The broker methodically details any fee on its official portal, including swap costs on overnight positions, aiding traders in gauging potential expenditures and fine-tuning risk controls accordingly.
FXTM Spreads
Spreads at FXTM tend to compare favorably to prevailing industry norms, especially for core forex pairs such as EUR/USD, GBP/USD, and USD/JPY. The actual spread granted hinges on both the account type and fluid market forces. Indicative spread levels can be as follows (with actual figures subject to market volatility and availability of liquidity):
- Standard Account: Starting at 1.3 pips on main currency pairs
- ECN Account: From 0.1 pips, plus a commission per lot
- FXTM Pro Account: Raw spreads starting at 0.0 pips, ideal for large-volume traders
For those seeking the tightest spreads, the ECN and Pro options may be more appealing, whereas traders reluctant to cover direct commissions might gravitate toward a standard account. Regardless, FXTM keeps its spreads transparent, as displayed within the provided trading interfaces.
FXTM Non-Trading Fees
Non-trading fees refer to any costs that do not arise from initiating or closing positions. Typical examples include deposit and withdrawals fees, inactivity fees, or account maintenance fees. FXTM generally refrains from charging a maintenance fee, although inactivity fees might be enforced if an account remains dormant or has no open positions for a specified duration—commonly around six months.
Furthermore, traders need to be mindful of potential currency exchange charges if the currency used for deposits or withdrawals deviates from the base currency of the account. Consulting FXTM’s comprehensive fee documentation and engaging with customer support are prudent steps for clarifying these secondary costs and building them into a trading plan.
FXTM’s promotions typically tie into larger strategies aimed at both rewarding steadfast traders and attracting fresh participants. In particular situations, users can combine different promotions—like a welcome bonus and a cashback scheme—for cumulative benefits. Nevertheless, each bonus features specific rules regarding volume requirements and potential limitations on withdrawing funds, emphasizing the need for systematic planning of trades. If clarity is required regarding bonus terms, FXTM’s customer support is readily accessible to explain the relationship between bonus capital, real account balances, and margin usage. This transparent approach highlights FXTM’s drive to uphold a fair, all-encompassing promotional structure.
Welcome Bonus
Occasionally, FXTM presents a welcome bonus for new registrants that deposit money into a live trading account for the first time. The bonus may come as a deposit match or trade credit. Nonetheless, each campaign has distinct criteria, including minimum deposit prerequisites or special withdrawal rules, so potential participants ought to assess the terms thoroughly to verify complete comprehension of the offer’s operational details.
Refer-a-Friend Program
Within the Refer-a-Friend Program, active FXTM traders are incentivized to suggest the broker to their social circle. Both the referring trader and the newcomer might receive cash incentives or trading credits, contingent upon the latter’s first deposit size and further compliance with eligibility stipulations. This initiative simultaneously fosters rapport among clients and broadens FXTM’s audience.
Loyalty Cashback Promotion
By joining the Loyalty Cashback scheme, dedicated FXTM customers can accumulate periodic cashback benefits determined by total trading volume or by meeting designated activity thresholds. Such rebates might relieve trading expenses and amplify traders’ earnings potential. As customary, it is essential to study the relevant terms for information about time intervals, requirements, or limitations tied to extracting bonus amounts.
Building traders’ knowledge serves as a defining element of FXTM’s mission. The broker puts forth a broad range of educational offerings, which encompass:
- Online Webinars: Live sessions covering various facets like platform usage, in-depth market interpretation, and trading tactics.
- Video Tutorials: Structured video lessons on MT4, MT5, money management, indicators, and more.
- eBooks and Articles: Extensive written materials suitable for beginners and advanced learners alike.
- Local Seminars and Workshops: In some regions, FXTM organizes face-to-face seminars for practical training and networking.
By furnishing such in-depth educational options, FXTM ensures that both novice and experienced traders gain robust insights, enabling a higher potential for steady, long-term performance in trading activities.
FXTM accommodates clients residing in many different parts of the world, including large areas of Africa, Europe, Asia, and Latin America. Nonetheless, it cannot accept clients from certain jurisdictions—such as the United States, Canada, or Japan—where the local rules restrict service provisions by offshore brokers. To meet compliance standards, every new client must pass a rigorous KYC procedure, verifying personal identity and residence details. Individuals wondering if they qualify for an account are encouraged to examine FXTM’s official portal or contact customer support for clarification based on where they reside.
Excluded Countries
United States
Mauritius
Japan
Canada
Iran
North Korea
Iraq
Cyprus
Syrian Arab Republic
Cuba
Myanmar
FXTM takes pride in supplying trustworthy customer support through varied channels, comprising phone, live chat, and email. With a multilingual staff conversant in prominent languages like Arabic, Chinese, English, and Spanish, FXTM can handle a diverse global clientele. Swift resolution of issues, be they technical, administrative, or account-related, is a pivotal part of the company’s ethos. Moreover, an expansive Help Center is available on the broker’s site, containing FAQs and dedicated guidelines for frequently asked questions.
Broker Name: FXTM
Broker Type: ECN
Country: Cyprus
Operating since year: 2011
Regulations: CySEC (Cyprus), FCA (UK), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)
Phone: +357 25 558777 (Cyprus Office)
Email: [email protected]
Address: ForexTime Ltd FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156 Limassol, Cyprus
Broker status: Active
Yes, FXTM has no restrictions on scalping and provides ideal trading conditions for scalpers, making it a suitable choice for high-frequency trading strategies.
FXTM’s headquarters is located in Cyprus.
FXTM does not charge internal fees for withdrawals, but traders may incur third-party payment processor costs depending on the withdrawal method used.
Leave your thoughts